RIO DE JANEIRO, BRAZIL - In Latin America and the Caribbean, the adverse effects of the Covid-19 pandemic on productivity, employment, and human capital could "take many years to reverse," the International Monetary Fund (IMF) warned Thursday.
"We see that it will take some time, perhaps not even in our five-year forecast horizon, for the region's GDP to return to the pre-crisis trend," IMF Americas Department acting director Nigel Chalk said as he unveiled the economic outlook for the region.
For 2021, the IMF raised its growth forecast for Latin America and the Caribbean to 6.3 . . .
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